XRP Price Hovers at Crucial Support Level Amid Whale Accumulation

The XRP price has been testing crucial support levels around $1, and analysts are watching for a potential breakout or breakdown. According to recent on-chain data, XRP crypto whales have been quietly pulling large amounts of Ripple coin from exchanges into their wallets, signaling growing long-term accumulation.

This shift in whale behavior is accompanied by rising XRP Ledger activity and continued ETF inflows, which are tightening supply as leveraged positions unwind. The relative strength index (RSI) has been demonstrating a bullish momentum build-up in the last few days, but large order book data reveals that whales were still sitting on the sidelines, waiting for the dust to settle.

CryptoQuant analyst Amr Taha noted that the recent increase in whale outflows from Coinbase is a clear shift towards self-custody wallets. This typically points to holders scooping up XRP at recently discounted prices, which can lead to long-term positioning and less selling pressure on order books.